Crypto exchanges Coinbase and Kraken have formed a new council aimed at addressing threats such as contract exploitation. This council has been called the Blockchain Security Standards Council (BSSC) and aims to create "unified security standards" to increase trust in the industry. BSSC plans to develop “industry safety references and a robust audit process” by the end of 2024. The council also aims to engage with regulators to ensure the industry develops "unified standards that protect consumers while encouraging innovation in the asset class". 😟